Enhancing your understanding of risk assessment and quality management can help you implement effective quality management systems for your firm’s A&A practice.
• Identify the new quality management standards.
• Identify your firm’s risk assessment process.
• Identify the monitoring and remediation processes.
• Identify the resources firms will use to operate the system of quality management.
• Recognize the components of a quality management system.
• Identify the key components of the firm's risk assessment process.
• Estimate the impact of various risks on the firm's quality objectives.
• Select appropriate strategies for updating and adjusting the risk assessment process.
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